In today’s complex Professional Services environment, one of the most critical aspects of achieving project profitability is Effective Project Management and Profitable Resource Management (PPM).
First off, professional services firms must have systems that provide reliable project accounting and controlling. This system must have the ability to:
The second major requirement is to provide an effective enterprise class project management system which provides:
Finally, the third major requirement is an efficient resource management system. An efficient human resource management system provides:
What issues can SAP Engagement Management help Professional Services firms address:
SAP Project Management Dashboard
While the SAP Professional Services Solution already offers extensive business process management capabilities to manage complex projects, many improvements are on the SAP development road map:
This is just a small taste of the of the SAP Professional solution development roadmap. It already provides extensive support for the following areas that are not just of concern for Professional Service Companies:
Within the Core ERP Functionality, it provides relative support for:
Professional service firms can greatly benefit from utilizing SAP Best Practices for their business operations and driving digital innovation and business process transformation. With reliable project accounting and controlling systems, enterprise-class project management systems, and efficient resource management systems, SAP Engagement Management can help professional services firms accurately allocate time and expenses to projects, manage work-in-process and invoicing, optimize sourcing and service procurement, and provide full visibility into project status, project team collaboration, and on-time delivery of projects within budget. Additionally, the SAP Professional Services Solution offers extensive business process management capabilities, such as talent acquisition, management, and learning, workforce planning and analytics, employee experience management, core finance functions, and global risk and compliance. As digital transformation continues to shape the professional services industry, SAP Best Practices can help firms stay competitive by embracing new and agile business models, such as subscription-based models and everything-as-a-service offerings, to replace traditional time and materials billing.
In today's constantly evolving business landscape, it's essential for professional services companies to become intelligent enterprises. An intelligent enterprise is a company that leverages advanced technologies, such as artificial intelligence, machine learning, and the Internet of Things, to gain real-time insights and make data-driven decisions. SAP Professional Services Solution is designed to help professional services firms become intelligent enterprises. By using SAP Engagement Management, companies can create accurate proposals, prevent revenue leakage, and gain a reliable overview of overall engagement margin and profitability. Furthermore, SAP's roadmap includes intelligent staffing of resources and complex quote solutions, which will help companies optimize their workforce and increase their efficiency. As digital transformation continues, firms that embrace new and agile business models will stay competitive, and SAP Best Practices can help them achieve this goal. By utilizing SAP's advanced performance analysis capabilities and tailored solutions, companies can take their operations to the next level and become intelligent enterprises.
Our aim here is, of course, to show some of the analysis capabilities built into the solution, which can be tailored to your specific requirements. If you would like SAP consulting and implementation support with your SAP project, just click the button.
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